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Metcash bid for franklins supermarket to be apposed by ACCC

The Australian Competition and Consumer Commission today announced it will oppose the proposed acquisition of the Franklins supermarket business by Metcash Trading Limited.

Metcash is one of Australia's largest wholesaling and distribution company servicing independent grocery retailers throughout Australia, like IGA and Supa IGA and the supermarkets operating under his chain.

Franklins operates around 80 corporate owned and 8 franchised Franklins supermarkets in NSW, and is currently owned by “Pick n Pay” Retailers (Pty) Limited South Africa's largest retailer.

Quote the ACCC

"Central to the ACCC's concerns is that the proposed acquisition is likely to result in a substantial lessening of competition through the removal of Metcash's closest and only genuine competitor for the wholesale supply of packaged groceries in NSW," ACCC chairman Graeme Samuel said today.

Franklins is a leading discount supermarket chain and Australia’s original discount grocer. It sells packaged groceries and perishables in metropolitan and rural areas throughout New South Wales. The current Franklins brand was established in 2001 after being purchased by South African retail giant, Pick n Pay.

Woolworths says it’s interested in buying several Franklins stores, but the owner of the small supermarket chain remains a barrier to a sale.

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